The UK left the EU on 31st January 2020. We are now in a transition period and for most businesses things will look and be the same as they have been. But don’t relax just yet. Just when you thought it was safe to take a step back from the turmoil of the last year we are encouraging business to start planning now for the new legal landscape that will apply from 1 January 2021.
The Withdrawal Agreement agreed between the UK and EU last October sets out the detail on what will happen with respect of Intellectual Property Rights from the 1st of January 2021. In addition the mere fact that we are no longer part of the EU will have an impact on the way in which we deal with other businesses. This means that all businesses that have IP and use it in their business or licence it for use by others should do some ‘under bonnet checks’ now to prepare themselves for the changes to come. At Briffa we are recommending businesses look at both their intellectual property portfolios and their contacts with others to check that what they have registered and what they have agreed in contacts will be fit for purpose come 1 January 2021. Here are some tips on what to look for and what may need some tweaking:-
Time spent now checking your position and preparing will be well invested. From the above it is clear that much can be some to smooth the transition and avoid problems arising.
For more information on how we can assist, please email email@example.com.
Written by Margaret Briffa
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